Distributed Energy Storage System Market
Distributed Energy Storage System Market Study by Electricity Grids and Renewable Power Sources for Industrial, Commercial, and Residential Use from 2024 to 2034
Analysis of Distributed Energy Storage System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Distributed Energy Storage System Market Outlook (2024 to 2034)
The global distributed energy storage system market is projected to exhibit a rise in total revenue from US$ 5.16 billion in 2024 to US$ 12.92 billion by 2034. Sales of distributed energy storage systems are foreseen to increase at a CAGR of 9.6% over the next 10 years (2024 to 2034).
Distributed energy storage systems store the excess energy that is generated to be utilized during power deficiency situations. Across the globe, there is being a significant shift towards renewable energy due to environmental concerns about using fossil fuels and an increase in fossil fuel prices. Today, majority of countries rely heavily on and invest in renewable energy sources to generate electricity. This is resulting in high demand for distributed energy storage technologies, which helps to store the excess energy produced by renewable sources for use during peak demand.
Smart grids work as power grids that integrate various technologies to monitor and control power flow and are effective in the power generation, distribution, and consumption. Distributed energy storage systems support and play a significant role in the deployment and operation of smart grids by balancing power generation and demand throughout the grid.
- Short Term (2024 to 2027): Growing demand for smart grids for energy production and consumption are set to positively influence the sales of distributed energy storage systems.
- Medium Term (2027 to 2030): North America and East Asia are projected to witness high distributed energy storage system demand due to rising focus on renewable energy projects.
- Long Term (2030 to 2034): Surging electric vehicle demand is forecasted to open growth opportunities for distributed energy storage system suppliers.
Introduction of compressed air energy storage (CAES) is one of the notable distributed energy storage system market trends. Compressed air energy storage is utilized in peak valley electric energy recovery adjustment, distributed energy storage, and power generation systems. Countries such as the United States, Germany, Japan, and Switzerland are widely utilizing compressed air energy storage technologies.
- The North American distributed energy storage system market size is projected to reach US$ 3.7 billion by 2034.
- East Asia is estimated to account for 36.7% of the global distributed energy storage system market share in 2024.
| Report Attribute | Detail |
|---|---|
| Distributed Energy Storage System Market Size (2024E) | US$ 5.16 Billion |
| Forecasted Market Value (2034F) | US$ 12.92 Billion |
| Global Market Growth Rate (2024 to 2034) | 9.6% CAGR |
| South Korea Market Value (2034F) | US$ 1.13 Billion |
| Renewable Power Source Demand Growth Rate (2024 to 2034) | 9.8% CAGR |
| Key Companies Profiled | Fluence; Schneider Electric; Tesla; Toshiba Corporation; General Electric Company; Hitachi Energy Ltd.; Juniper Networks; Panasonic Corporation; Jabil Inc.; Johnson Controls; NextEra Energy Resources, LLC; Samsung SDI Co., Ltd. |
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Which Market Dynamics are Positively Influencing Demand for Distributed Energy Storage Systems?
“Increasing Popularity of Renewable Energy Driving Adoption of Distributed Energy Storage Systems”
- According to Statista, in 2023 the United States totalled electricity consumption of 4,000 terawatt-hours (TWh).
Rising demand for power generation and the global shift towards clean and green energy are driving the demand for renewable energy sources. Respective governments across the world are implying rules and regulations to encourage the use of renewable energy and investing heavily in the same.
Power generated from renewable sources needs to be stored so that it can be utilized during normal as well as peak hours. Distributed energy storage systems for renewable energy storage comprise multiple small storage systems that are distributed and positioned close to end users for storing the energy generated from different sources.
“Advancements in Electric Vehicles Increasing Their Use as Distributed Energy Storage Systems”
Owing to an increase in the standard of living, consumer preferences are shifting away from conventional vehicles towards electric cars. A majority of electric vehicles (EVs) have batteries that are huge capacities that they can store a lot more energy than is required for a typical commute. These cars can store more than enough energy to supply the power that a typical household uses per day in addition to commuting.
By installing a bidirectional charging infrastructure the EVs will be able to be charged when there is an electrical supply and act as a source of power for home appliances when there is not. After its connection, the infrastructure can use the EV's battery bank to store excess energy from the grid, or, if needed, extract it and return it to the grid to balance out variations. Owing to this, demand for distributed battery energy storage systems is expected to grow at a high pace during the forecast period. Governments across the globe are also releasing many policies to aid EV manufacturing, which is further contributing the sales of distributed energy storage systems.
What’s Hampering Revenue Growth of Distributed Energy Storage System Producers?
“High Initial Setup and Battery Cost of Distributed Energy Storage Systems”
Initial setup cost of distributed energy storage systems is high and the maintenance cost is a further addition. Rising costs of several vital minerals required for battery production and supply chain interruptions brought about by ongoing wars between countries such as Russia and Ukraine, and Israel and Palestine & Iran are acting as a cost barrier to the development of battery energy storage systems.
Ongoing conflicts are majorly raising the prices of lithium, which is a key mineral for automobile batteries. Increasing use of lithium and the surging electric vehicle industry are also some of the factors contributing to the high prices of lithium.
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How Can New Companies Succeed in the Market?
“Integration of Digital Technologies to Boost Efficiency of Distributed Energy Storage Systems”
The distributed energy storage system market is highly competitive in nature. The new companies eager to enter in this market should focus on introducing advanced systems. New companies should invest heavily on research and development activities for the production of advanced distributed energy storage systems. The integration of digital technologies such as AI and ML in distributed energy storage systems are expected to attract a wider consumer base.
Country-wise Analysis
What’s Driving Distributed Energy Storage System Demand in the United States?
“Growing Trend of Renewable Energy Usage in the Country”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.13 Billion |
| Growth Rate (2024 to 2034) | 9.5% CAGR |
| Projected Value (2034F) | US$ 2.81 Billion |
- Around 20% of the electricity generated in the United States in through renewable sources says the Office of Energy Efficiency & Renewable Energy.
The United States is the leading country when it comes to energy generation using renewable energy sources. Central and local governments in the country are employing different regulations and are providing incentives on the adoption of renewable energy technologies. The growing EV demand and rising shift towards renewable energy usage is expected to offer high-growth opportunities for distributed energy storage technology providers in the United States.
Why is the Market for Distributed Energy Storage System Expanding in China?
“Population Growth and High Energy Demand”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 914.1 Million |
| Growth Rate (2024 to 2034) | 9.6% CAGR |
| Projected Value (2034F) | US$ 2.27 Billion |
China is the most populous country in the world. Increase in the population is leading to rise in consumption of energy both for urban as well as industrial activities. China first started using distributed energy storage systems in 1998, and since then, these systems have developed rapidly owing to high energy demand in the country.
- In June 2022 china releases a 14th 5-year plan (2021 to 2025) that majorly focuses on energy security, followed by environmental development and decarburization. China has planned to generate 50% of electricity through renewable sources by 2025.
These aspects are set to boost the distributed energy storage system market growth in China during the forecasted period.
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Category-wise Analysis
Which is the Most Popular Battery Type in Distributed Energy Storage Systems?
“Superior Power Density, Charging Level, and Voltage Driving Use of Lithium-ion Batteries in Energy Storage Systems”
| Attribute | Lithium-ion Batteries |
|---|---|
| Segment Value (2024E) | US$ 2.83 Billion |
| Growth Rate (2024 to 2034) | 9.7% CAGR |
| Projected Value (2034F) | US$ 7.13 Billion |
Lithium-ion batteries are the most commonly used battery type in energy storage systems and other electronic devices due to their various advantages such as high power density, high charge level, and high voltage. Majority of distributed energy storage systems comprise rechargeable lithium-ion batteries due to its characteristics of absorbing and releasing excess power quickly.
Use of lithium-ion batteries provides dependable and quick frequency response. Lithium-ion batteries have been extensively used in electric vehicles due to the high power-to-weight ratio, low self-discharge, and high energy efficiency, besides their components also being recyclable.
Why are Electricity Grids Set to Hold a Leading Market Share?
“Vital Role of Electricity Grids from Energy Generation to Transportation”
| Attribute | Electricity Grids |
|---|---|
| Segment Value (2024E) | US$ 3.71 Billion |
| Growth Rate (2024 to 2034) | 9.5% CAGR |
| Projected Value (2034F) | US$ 9.22 Billion |
Growing popularity of green power is increasing the adoption of distributed energy storage systems. Electricity grids or power grids are base of energy systems. The electricity grid effectively manages supply and demand of energy used.
All across the globe, the importance of renewable energy is gaining momentum. The vital role of electricity grids in energy transportation is further aiding the overall market growth.
Competitive Landscape
Key players in the distributed energy storage system market are adopting several organic and inorganic strategies to increase their market shares. The integration of advanced technologies for the production of distributed energy storage systems is set to attract a wider consumer base. They are also partnering with other industry leaders to increase their product offerings.
- In October 2021, Gogoro, Taipower, and Enel X collaborated to offer bidirectional charging through their battery swapping stations. This is broadening distributed energy storage systems by using more diverse sources.
- In September 2021, SimpliPhi Power and Lumin partnered to launch a user-friendly app to monitor the generation, consumption, and control of storage systems.
Fact.MR provides detailed information about the price points of key manufacturers of distributed energy storage systems positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Key Segments of Distributed Energy Storage System Market Research
-
By Energy Source :
- Electricity Grids
- Renewable Power Sources
-
By Battery Type :
- Lithium-ion
- Nickel-cadmium
- Lead-acid
-
By Capacity :
- Single-Phase
- Three-Phase
-
By End User :
- Industrial
- Commercial
- Residential
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Energy Source 6.2. Battery Type 6.3. Capacity 6.4. End User 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Energy Source 7.1. Electricity Grids 7.2. Renewable Power Sources 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Battery Type 8.1. Lithium-ion 8.2. Nickel-cadmium 8.3. Lead-acid 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Capacity 9.1. Single-Phase 9.2. Three-Phase 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End User 10.1. Industrial 10.2. Commercial 10.3. Residential 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. Middle East & Africa 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Sales Forecast 2024 to 2034 by Energy Source, Battery Type, Capacity, End User, and Region for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Fluence 21.2. Schneider Electric 21.3. Tesla 21.4. Toshiba Corporation 21.5. General Electric Company 21.6. Hitachi Energy Ltd. 21.7. Juniper Networks 21.8. Panasonic Corporation 21.9. Jabil Inc. 21.10. Johnson Controls 21.11. NextEra Energy Resources, LLC 21.12. Samsung SDI Co., Ltd. 22. Assumptions and Acronyms Used 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Energy Source, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Energy Source, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Energy Source, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Battery Type, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Energy Source, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Energy Source, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Energy Source, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Battery Type, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Energy Source, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Energy Source, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Energy Source, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Battery Type, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Energy Source, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Energy Source, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Energy Source, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Battery Type, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Energy Source, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Energy Source, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Energy Source, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Battery Type, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Energy Source, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Energy Source, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Energy Source, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Battery Type, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Energy Source, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Energy Source, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Energy Source, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Battery Type, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Energy Source, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Energy Source, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Energy Source, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Battery Type, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Battery Type, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Battery Type, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Capacity, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Capacity, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Capacity, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by End User, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by End User, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by End User, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Energy Source, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Energy Source, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Energy Source, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by End User, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by End User, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Energy Source, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Energy Source, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Energy Source, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by End User, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by End User, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Energy Source, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Energy Source, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Energy Source, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by End User, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by End User, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Energy Source, 2024 & 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Energy Source, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Energy Source, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by End User, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by End User, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Energy Source, 2024 & 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Energy Source, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Energy Source, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by End User, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by End User, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Energy Source, 2024 & 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Energy Source, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Energy Source, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by End User, 2024 & 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by End User, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Energy Source, 2024 & 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Energy Source, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Energy Source, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by End User, 2024 & 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by End User, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 & 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Energy Source, 2024 & 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Energy Source, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Energy Source, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Battery Type, 2024 & 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Battery Type, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Battery Type, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Capacity, 2024 & 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Capacity, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Capacity, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by End User, 2024 & 2034
Figure 151: MEA Market Y-o-Y Growth Projections by End User, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by End User, 2024 to 2034
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- FAQs -
What is the current size of the distributed energy storage system market?
The global distributed energy storage system market is evaluated at US$ 5.16 billion in 2024.
How much are the forecasted sales of distributed energy storage systems for 2034?
The market for distributed energy storage systems is projected to reach US$ 12.92 billion by 2034.
What is the estimated CAGR for the global market?
Demand for distributed energy storage systems is projected to rise at a CAGR of 9.6% from 2024 to 2034.
Which region holds a leading market share in 2024?
East Asia is set to account for 36.7% of the global market share in 2024.
Are distributed energy storage systems exhibiting high demand in Japan?
Sales of distributed energy storage systems in Japan are foreseen to increase at a CAGR of 9.5% through 2034.
Which battery type is widely utilized in distributed energy storage systems?
Sales of lithium-ion batteries are projected to reach US$ 7.13 billion by 2034.
Who are the top producers of distributed energy storage systems?
Some of the leading companies are Schneider Electric, Tesla, Toshiba Corporation, General Electric Company, and Hitachi Energy Ltd.
Distributed Energy Storage System Market